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york or london where many of our viewers are there is a cab industry and very likely regulations that govern it in new york the medallion system has become a speculative investment with corporate tax the medallions increasing as thousand per cent from their average price of fifty thousand dollars in one thousand nine hundred eighty according to the new york post in stockholm reportedly their system is a little freer market where taxis are allowed to charge whatever price they like and in d.c. where after countless nights waiting in long lines after arriving to the train station with a dearth of cabs and some that couldn't even drive to my address because of the limits of their permits and rules governing them i hopped into a couple cabs to explore our own cities silly regulations and one market antidote we possibly found to them that. taxi in washington d.c. like many other cities you can't always get a cab when and where you need one but when you do catch a taxi and meet its driver and my name is not. always right you know it's almost too for you. like nasser he or she can offer up a reason
york or london where many of our viewers are there is a cab industry and very likely regulations that govern it in new york the medallion system has become a speculative investment with corporate tax the medallions increasing as thousand per cent from their average price of fifty thousand dollars in one thousand nine hundred eighty according to the new york post in stockholm reportedly their system is a little freer market where taxis are allowed to charge whatever price they like and in d.c....
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to the new york times a reminder of the bailouts in two thousand and eight of course but instead of government bailouts how about innovating out of a slowdown or changing your business model we'll talk to the c.e.o. of car to go north america about dialers adventure in car sharing and from new revenue to no revenue c.b.s. reports instagram is looking for ways to generate some revenue through ads but it will not pimp out its users in ads it backtracked after unleashing a whole bunch of hoopla yesterday after a change to its terms we'll talk about it let's get to today's capital account. so in addition to the one point five billion dollars settlement and guilty plea to a charge of fraud from its japanese subsidiary we now know u.b.s. traders were sending e-mails saying things like i want to do one humongous deal with you when i'll pay you whatever you want to secure help manipulating rates now this language is infuriating but at least it's way more straightforward than what we get from this same rate manipulator the fed now despite ben bernanke in the past suggesting the central bank could do a
to the new york times a reminder of the bailouts in two thousand and eight of course but instead of government bailouts how about innovating out of a slowdown or changing your business model we'll talk to the c.e.o. of car to go north america about dialers adventure in car sharing and from new revenue to no revenue c.b.s. reports instagram is looking for ways to generate some revenue through ads but it will not pimp out its users in ads it backtracked after unleashing a whole bunch of hoopla...
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why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through officials suspended are slated to return to their jobs.r they're still working for the government. b >> they said heads are to roll. things are really going to happen. here's not a shock. no accountability, lack of consequences, doesn'tce happen. eric: apparently the assistant secretary of state changed jobs, went across the office and to another desk. >> exactly. also kind of parse the words.o a very difficult to get fired from the federal government. it is a very secure long-term position. no matter how egregious the problems are, and that's report pointe
why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through...
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environmental groups say they are pleased the government regulators are something for questions. they have heard from several concerned people regarding areas invested with bedbugs. but the library said they never had a bedbug infestation but they plan to handle it if it happens. >>> coming up, a usc professor said increase being the numbers could help combat the numbers. >>> the windy city will soon have the most expensive parking meters starting on new year's day. they will be charging $6.50 per hour. >>> let's head back out to tara to see how this commute is going this thursday, hello tara. >>> it just wrapped up and all lanes are open now. we have a stalled car and it is blocked on 880 westbound and we also have north and southbound lanes affected at the 380 split here due to come to some construction. >> 680 at the sunole grade in fremont is also looking good. here is mark. >>> we are starting off with dry weather and we will have a quik check on rainfall statistics. you can see it since over 2215s of rain and san jose, it is well above normal obviously across the entire bay
environmental groups say they are pleased the government regulators are something for questions. they have heard from several concerned people regarding areas invested with bedbugs. but the library said they never had a bedbug infestation but they plan to handle it if it happens. >>> coming up, a usc professor said increase being the numbers could help combat the numbers. >>> the windy city will soon have the most expensive parking meters starting on new year's day. they will...
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we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. the winter blast that wrecked lives in the south and kept most of the nation at home and caused the death of about six people over christmas makes one last stop in the northeast. first, let's take a look at the treasury markets. we do not see a lot of a
we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you...
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. >> and is the government ask country teetering on the edge of the fiscal cliff you might want to change your tax strategy. advice coming up from michael finney. stay with us. we have a lot more to get to. >>> the health of former president george hw bush is a growing concern. the 88-year-old transfered to houston methodist hospital. he's been at the center ever since a lot of month because of a chronic cough. but he's been fighting a high fever for days. this morning he was put on a liquides only diet. >> no one puts new icu because things are going well we're hoping medicine was help him turn things around. >> barbara bush spent christmas by his side, former president george w bush expected to visit incoming days. >> retailers reeling tonight after holiday sales missed marks. they were expecting shoppers to spend 2% more than last year but turns out sales grew less than 1%. very disappointing. david with, a look the impact on the economy. >> there is no doubt that this is a real blow but kboitsing to impact people making goods retailers put on shelves. dispatting growth is likely tied
. >> and is the government ask country teetering on the edge of the fiscal cliff you might want to change your tax strategy. advice coming up from michael finney. stay with us. we have a lot more to get to. >>> the health of former president george hw bush is a growing concern. the 88-year-old transfered to houston methodist hospital. he's been at the center ever since a lot of month because of a chronic cough. but he's been fighting a high fever for days. this morning he was put...
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you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the cme group, if february of 2011 the volume was 934,000 contracts a day. almost a million contracts a day. by november of this year, a month ago, got half of that. yesterday the volume was 175,000. oil money is on the sidelines. our producer just gave me the latest volume today. trading is going to continue only for another 15 minutes or so. 273,000 contracts traded just today. that is half of the typical volume. people are so scared about the fiscal cliff, this money, david, now is sitting on the sidelines and doing nothing for investors. that is what the fiscal cliff has wrought in the oil market
you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the...
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th is difficult to get fired from the government. as the report pointed out this is a sysmic failures. the assistant secretary of state for diplomatic security, where according to admiral mullen and those who wrote the report is wher the rubber hit the road. he basically, instead of resigning -- most people think of resigning, you walk out the door and find a new job. the other three are reassigned. put on ice. this is nothing new. i don't want this to sound like the first time this has happened. it's not. >> this reminds me of the fast and furious situation where there were agents in the field along the border. we heard, fired or let go. but holder brought them back to washington, d.c. to work at a desk instead of the field. >> the were repositioned. whether it's that or something serious like this where people lost their lives, you get shuffled around. but this is indicative of the way e administration oddly has been dealing with the benghazi pricious the start. there is an inabilityo speak the truth. everybody thought what they th
th is difficult to get fired from the government. as the report pointed out this is a sysmic failures. the assistant secretary of state for diplomatic security, where according to admiral mullen and those who wrote the report is wher the rubber hit the road. he basically, instead of resigning -- most people think of resigning, you walk out the door and find a new job. the other three are reassigned. put on ice. this is nothing new. i don't want this to sound like the first time this has...
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that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded several roads. water was turned off to nearly 400 homes and city officials rushed water to the residents. a sinkhole trapped a city bus and as you can see there the driver escaped unharmed. water service was restored last night. >>> a big rock slide closed a road and it took many drivers by surprise. cal train will open 8:00 amount m and 4:00 p.m. to let traffic through and there is still no word on when the road will fully open. >>> they are asking well wishers to hold off on sending gifts to the grieve stricken community of newtown connecticut. gifts have been pouring into the community from all over the world. officials
that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded...
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60 days. it's an arbitrary and useless statute. denmark i think is the only other country that has something like that. this would be gamesmanship of the most dangerous kind. i hope nobody is going to play that game. i know the president said he is not going to play that game. if the republicans think they use that as leverage, they do that at their own risk. >> congressman, good luck to the cardinals. take care. >> thank you, luke. >> we are keeping our eye on how the stalemate is playing on wall street and president george hw bush is now
a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60...
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we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer say the president ran on raising taxes and says he won, we should do that, i have to tell you i'm not such and idiotic person to follow someone off into the abyss. this is a political gimmick the president ran on. he did win the election but when you look at the house, the republicans maintain their majority there and that's where revenue bills emanate from. >> we have to leave it there. always great to have you. >> happy new year. >> you too. amid all this fighting in washington, my next guest has a plan to
we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the...
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government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back again to some kind of spot over spying, over legislation that's perceived as a double standard by the russians or over some large issue. there's many irritants, unfortunately, in the relationship. >> suarez: fiona hill, lauren koch, thank you both. >> thank you. >> brown: next, the european financial crisis as it's playing out at street level. i had a chance to see for myself recently on a reporting trip to athens. for nearly two decades, stelios karagilanis, a father of two, headed a family-owned construction company. today, his business closed, he is forced to accept free medical care and
government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back...
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first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high
first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't...
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the founding fathers said that our government does not have the right to search any house, that government officials want to search, even if it helps them to do their somebody -- their job. government officials may only search someone's house if they have evidence that someone is breaking the law and they show the evidence to a judge to get an individual warrant. for more than 200 years, mr. president, this fundamental principle has protected americans' privacy while still allowing our government to enshores -- enforce the law and to protect public safety. now, as time passed and we entered the 20th century, advances in technology, a whole host of technologies, gave government officials the power to invade individual privacy in a whole host of new ways. new ways, mr. president, that the founding fathers never dreamed of, and all through those days the congress and the courts struggled to keep up. time and time again, congress and the courts were most successful when they returned to the fundamental principles of the fourth amendment. and it's striking, mr. president, if you look at a lot o
the founding fathers said that our government does not have the right to search any house, that government officials want to search, even if it helps them to do their somebody -- their job. government officials may only search someone's house if they have evidence that someone is breaking the law and they show the evidence to a judge to get an individual warrant. for more than 200 years, mr. president, this fundamental principle has protected americans' privacy while still allowing our...
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the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> still no word on who may inherit john kerry's senate seat now that he's been nominated for secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat because he considers connecticut his home. >>> and it looks like ben affleck is sticking to life in hollywood instead of heading to washington. the star
the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. aww man. [ male...
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the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may inherit john kerry's senate seat now that he's been nominated for secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat because he considers connecticut his home. >>> and it looks like ben affleck is sticking to life in hollywood instead of heading to washington. the star of "argo," a great movie, says that he quote, loves the political process, but i'm not running for office. we'll be right back. >>> welcome back to "hardball." the tea party movement, they call it a movement because it's got plenty of material. an attempted coup at the tea party organization freedom works takes the prize. the prize. in today's "washington post" army gardiner reports on the power grab, richard k. armey walked into the capitol hill offices with his wife susan and an aid holstering a gun. they were suspended and several others broke down at the news. the coupe lasted all of six days. wh
the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may inherit john kerry's senate seat now that he's been nominated for secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat because he considers connecticut his home. >>> and it looks like ben affleck is sticking to life in hollywood instead of heading to washington. the star of "argo," a...
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it's government. it's regulation. try to get a drilling permit. try and go through and drill shale now. you're seeing popular opinion push back on shale and tight oil which is the growth industry in the energy space right now. i mean there's a movie coming out next month about the evil of. adam: fracking right. >> evil energy executives who want to frack. adam: the prom is land is what it is called. >> you see push back. if we produce a lot more energy, absolutely. adam: a lot of us are intrigued by the ability of this country especially those of us who grew up in the '70s and '80s with oil being such a problem like the idea of the united states being energy independent. when you talk about that movie and fracking, certainly natural gas will play an important role in this country's future. it is making people wealthy and puttings people to work in parts of the country where they are allowing fracking. a recent governmental report that the environmental impact isn't known just yet. should we be rushing head long into this or slow down a bit? it wil
it's government. it's regulation. try to get a drilling permit. try and go through and drill shale now. you're seeing popular opinion push back on shale and tight oil which is the growth industry in the energy space right now. i mean there's a movie coming out next month about the evil of. adam: fracking right. >> evil energy executives who want to frack. adam: the prom is land is what it is called. >> you see push back. if we produce a lot more energy, absolutely. adam: a lot of us...
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an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial. did you happen to see wayne lapierre on "meet the press"? that does it for us on "the cycle." karen finney is in the chair for martin bashir and it is all yours. >> thanks, krystal. good afternoon. i'm karen finney in for martin bashir on this thursday, december 27th. the president is back in washington, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speak
an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial....
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let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new jersey coming uncriticism. the mayor will join mess next in studio. our big question -- should teachers be allowed to carry concealed weapons? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, yo
let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new...
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withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it. one party makes a recommendation and never followed through. we don't get very much cutting in these negotiations through the years. in 1990 the democrats said that they would do spending cuts, but they did not. everytime i see a young child, 5, 6, 7 years old or younger
withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac...
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that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. [music: artist: willy moon ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! neural speeds increasing to 4g lte. br
that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help...
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Dec 27, 2012
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and what kind of role government having a live. >> #1 is the fiscal cliff. lawmakers start coming to the not bother to pay any attention to it until after the election. had they put politics aside and dealt with the earlier who knows how strong the u.s. economy would be right now. >> 9 4:01 a.m. we will be back with more in a couple of minutes. less than a live look outside. sunshine never were including marijuana of crete. seven on 680 is nice in light. >> we are here from 4 to 10. at 10:00 is dr. field every day here on the kron 4 station on the kron 4 morning lows. we are followed by dr. philip welcome back to the kron 4 morning news. >> the country is inching closer to the falling of the so-called fiscal cliff. a series of tax hikes and spending cuts to take effect in five days. >> house and senate members are expected to reconvene today as well. without a budget agreement, automatic tax increase for everyone in the spending cuts will be triggered and the new year. >> taxes go up if congress does not act. >> former president a w. bush sr. is in intensive
and what kind of role government having a live. >> #1 is the fiscal cliff. lawmakers start coming to the not bother to pay any attention to it until after the election. had they put politics aside and dealt with the earlier who knows how strong the u.s. economy would be right now. >> 9 4:01 a.m. we will be back with more in a couple of minutes. less than a live look outside. sunshine never were including marijuana of crete. seven on 680 is nice in light. >> we are here from 4...
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timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying get off your couches. get back to washington and get the deal done. >> someti
timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting...
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anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like there's any budging from either side. president assad still says that he is going to stay on and continue to fight there inside syria. the rebels say they will accept nothing short than the regime falling, all this amid the rebels continuing to make more and more advances, continuing to close the noose, if you will, on the battlefield especially around president assad's stronghold there in the capital of damascus. russia, though, is continuing to protect syrian president bashar al assad. obviously, that is the transitional plan that something along the lines of what the rebels would endorse would have assa
anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like...
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that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a liquid diet an his condition is listed as guarded. his spokesman quotes him as saying i'm determined not to be dprumpy with all of this. >>> toyota has agreed to pay up in a major way, $1.1 billion to settle a class action suit over sudden acceleration issues. under the deal toyota will install a brake override system in effective cars. it will also set up a fund of $250 million for former toyota owners who sold their cars from september of 2009 through all of 2010. that money would compensate owners for their car's reduced value because of bad publicity. also toyota's a
that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a...
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there are no boundaries on the internet but governments and legislation still has them. laws in the u.s. don't apply to a hacking group in germany, for example. >> talk about the bigger issue. cyber security in general, because as you know leon panetta said earlier this year the next pearl harbor might be through cyber warfare. >> yeah. >> is this something that at this point people recognize? is the problem getting worse or better? >> the potential for a major strike, this pearl harbor idea he's put out there, that is not hyperbole. this could be the most efficient ay for those who want to strike our government and society or any other because it doesn't require the physical manifestations of previous terrorism where you have to go disrupt infrastructure take over aircraft do physical destruction. you can stay in your own country, reach out for almost no cost, and deploy software that can bring down utilities, hospitals. worst of all, it could squirrel financial markets. i don't think anything is a higher risk than the ability of going after financial markets and subtly
there are no boundaries on the internet but governments and legislation still has them. laws in the u.s. don't apply to a hacking group in germany, for example. >> talk about the bigger issue. cyber security in general, because as you know leon panetta said earlier this year the next pearl harbor might be through cyber warfare. >> yeah. >> is this something that at this point people recognize? is the problem getting worse or better? >> the potential for a major strike,...
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Dec 27, 2012
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...